The company was yet to make a revenue as it hadn't reached production. However, the group said it made "significant progress" on exploration programmes at its flagship Ferensola Iron and Gold Project, located in the mineral rich Sula-Kangari Greenstone Belt in Sierra Leone.

"In order to maximise the value of Ferensola, Sula continues to implement a dual exploration programme, and the company has fulfilled a number of key objectives during the period," said Chief Executive Nick Warrell.

Stock News is provided by Digital Look Corporate Solutions from Sharecast news.
Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.

Get a free widget for your website with our latest headlines.

You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.